Business and Financial Operations Occupations (13-0000) in Torrington Labor Market Area



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Torrington LMA (1Q 2018)
All Industry
Estimated employment		950
Mean wage		$32.81
Entry wage		$18.59
10th percentile wage		$16.13
50th percentile wage		$29.70
90th percentile wage		$49.74

Top Employing Industries
Industry	Employment / Percent
Professional and Business Services	240	25.1%
Education and Health Services	160	16.6%
Public Administration	140	14.4%
Construction	90	9.7%

Top Paying Industries
Industry	Employment / Median Wage
Financial Activities	90	$34.53
Professional and Business Services	240	$31.98
Manufacturing	80	$30.86
Information	30	$30.12

Business and Financial Operations Occupations (13-0000)


Median Wage History
Year	This Occupation		Compared to Occupational Group		Difference
Current	$29.70		$29.70		$0.00
2017	$29.39	+1.1%	$29.39	+1.1%	$0.00
2016	$28.70	+2.4%	$28.70	+2.4%	$0.00
2015	$28.03	+2.4%	$28.03	+2.4%	$0.00
2014	$27.26	+2.9%	$27.26	+2.9%	$0.00
2013	$26.61	+2.4%	$26.61	+2.4%	$0.00
2012	$25.97	+2.5%	$25.97	+2.5%	$0.00
2011	$25.55	+1.7%	$25.55	+1.7%	$0.00
2010	$25.15	+1.6%	$25.15	+1.6%	$0.00
2009	$24.61	+2.2%	$24.61	+2.2%	$0.00
Year	This Occupation		Compared to All Occupations		Difference
Current	$29.70		$19.72		$9.98
2017	$29.39	+1.1%	$19.51	+1.1%	$9.88
2016	$28.70	+2.4%	$18.99	+2.8%	$9.71
2015	$28.03	+2.4%	$18.55	+2.3%	$9.48
2014	$27.26	+2.9%	$18.17	+2.1%	$9.09
2013	$26.61	+2.4%	$17.78	+2.2%	$8.83
2012	$25.97	+2.5%	$17.42	+2.1%	$8.55
2011	$25.55	+1.7%	$17.12	+1.7%	$8.43
2010	$25.15	+1.6%	$16.85	+1.6%	$8.29
2009	$24.61	+2.2%	$16.57	+1.7%	$8.05

Note: The mid-wage is the median wage. The average wage is the mean wage. The entry-level wage is equal to the average of the lower third of reported wages for the occupation. The wage range consists of the 10th and 90th percentiles; 80% of workers earn between this wage range, 10% earn less while 10% earn more.
Reference Date: 1st Quarter 2018

Top Areas For This Occupation


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